To tax or not to tax?
Bars, drops, or pieces. Take a deep breath and repeat it. And again. That soothing mantra goes through my head whenever I’m determining product taxability in the candy section of a client’s inventory. Interrupt it with a word like “chunk,” and you’re looking at a problem. Sneak flour into a candy that doesn’t typically include it, and you might as well write off an afternoon on researching every similar candy to make sure that you haven’t been taxing all of them wrong.

WASHINGTON – The Tax & Accounting business of Thomson Reuters is offering a series of seminars about 1099 Tax Compliance led by Marianne Couch, J.D., a renowned expert in federal and state tax information reporting.

The co-founder of Cokala, Couch was formerly research director at Balance Consulting and a member of the IRS Information Reporting Program Advisory Committee. Three days of individual seminars will be held in several major cities. Participants can register for any number of days as they will feature different subjects.

Topics covered on Day One include payments made during 2009 that must be reported to the IRS on a Form 1099 and specific categories of payees and payments that are not reportable; Day Two is an advanced session that features discussion on state and local requirements for tax reporting as well as requirements to report new contractors and withhold tax in some instances and how the ‘disregarded entities’ concept works and how to track the owner of income through the appropriate documentation;  Day Three specializes in the subject of making payments to foreign payees.
Information is available at  http://onesource.thomsonreuters.com/incometax/1099/.